After many days of effort, Gu has officially returned to his decrease trend with Breakout from the uptrend in 1,223, currently GPBUSD is fluctuating at about 1,2168 with a short recovery. It is likely that after reaching the target at 1,2216 (coinciding with the operational range of EMA 34 and 89), this decline will occur strongly with the goals for this decline is 1,210 and respectively. 1.203.
What is your thoughts on the upcoming market?
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Investors will also look upon speeches by influential FOMC members for cues about the US central bank's next policy move. This, along with the US bond yields and the broader risk sentiment, will drive the USD demand and provide some impetus to the GBP/USD pair later during the North American session. The focus will then shift to the monthly UK employment details, due on Tuesday, which might infuse some volatility around the GBP cross and provide some impetus to the major.
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Markets seem to have adopted a cautious stance to start the new week as tensions in the Middle East continue to rise amid the deepening Israel-Hamas conflict.
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Gu has touched the level of resistance and moving as analysis, the goal continues to operate
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Later in the day, Housing Starts and Building Permits data for September will be featured in the US economic docket. High interest rates have been weighing heavily on mortgage demand and a significant contraction in Housing Starts could cause the US Dollar to weaken in the second half of the day.
same idea